Rural Housing Block Grant Act of 1982

[AI summary unavailable — showing source text] Title I: Amendments to Title V of the Housing Act of 1949 - Revises the authority of the Secretary of Agriculture to provide aid for rural housing through the Farmers Home Administration. Eliminates the Secretary's authority to provide grants or direct financial assistance other than loans or loan insurance under rural housing programs. Eliminates provisions limiting the interest rate on and certain amounts of rural housing loans. Requires rural housing loans to bear the rate of interest prevailing in the private market for similar loans. Repeals provisions which: (1) authorize loans for housing and buildings on potentially adequate farms on the same terms as loans may be authorized to adequate farms; (2) authorize the Secretary to cancel interest due on a loan in cases of extreme hardship; (3) authorize the Secretary to issue obligations for the purpose of making direct loans for farm housing; (4) authorize FY 1982 appropriations and terminate the Secretary's loan authority for the mutual and self-help housing program; (5) prohibit rent increases in certain rural housing projects in which tenant's are paying in excess of 25 percent of their incomes for rent; and (6) govern the app…